Total amount raised
$8.5 Millions
Latest funding date
10/1/2017
Location
YourStory has successfully raised funds through multiple rounds, with its latest being a Series B round in October 2017. The platform is a comprehensive media outlet dedicated to covering the startup ecosystem in India.
Keep reading to explore the intricacies of YourStory's fundraising journey and the investors backing this influential platform.
What Is YourStory?
YourStory, founded by Shradha Sharma in 2008, is a media platform based in Bangalore, Karnataka, India. The platform is dedicated to covering the startup ecosystem, offering a definitive storytelling space for entrepreneurs, innovators, and change-makers.
With a team of 101-250 employees, YourStory publishes stories about startups, entrepreneurs, investors, and innovators. It also organizes events and offers various platforms like HerStory, SocialStory, YS TV, YS Research, and YS Pages.
Over the years, YourStory has become a comprehensive media outlet, providing resources and insights to its audience through newsletters, events, and in-depth articles on business, technology, and lifestyle.
How Much Funding Has YourStory Raised?
- Series A
- Amount Raised: $2.5M
- Date: August 2015
- Lead Investors: Kalaari Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enhance content offerings.
- Series B
- Amount Raised: ₹200M (approx. $3M)
- Date: February 2017
- Lead Investors: Ratan Tata
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support expansion efforts and achieve revenue targets.
- Series B
- Amount Raised: $3M
- Date: October 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform and enhance its offerings.
Total Amount Raised: $8.5M
Current Valuation: Not publicly disclosed
Key Investors
- 3one4 Capital
- Details: 3one4 Capital is an early-stage venture capital firm based in Bangalore, India. It focuses on investing in technology-driven startups.
- Investment Focus Areas: Technology, consumer, enterprise sectors
- Notable Investments: Licious, Darwinbox, Betterplace
- Kalaari Capital
- Details: Kalaari Capital is a venture capital firm based in India, known for its early-stage investments. It has a strong focus on technology-oriented companies.
- Investment Focus Areas: Technology, consumer internet, e-commerce
- Notable Investments: Dream11, CureFit, Urban Ladder
- UC-RNT Fund
- Details: UC-RNT Fund is a joint venture between Ratan Tata's RNT Associates and the University of California. It aims to invest in innovative companies across various sectors.
- Investment Focus Areas: Technology, media, telecommunications
- Notable Investments: Not publicly disclosed
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated. It focuses on companies driving innovation in the wireless ecosystem.
- Investment Focus Areas: Mobile technology, wireless technology, IoT
- Notable Investments: Zoom, Xiaomi, Waze
- TV Mohandas Pai
- Details: TV Mohandas Pai is a prominent investor and former CFO of Infosys. He is known for his investments in technology and education sectors.
- Investment Focus Areas: Technology, education, healthcare
- Notable Investments: Byju's, Zoomcar, YourStory
What's Next for YourStory?
With its recent expansion into Germany, YourStory is poised to tap into new international markets, leveraging its diverse verticals like SocialStory and HerStory. This move not only broadens its audience but also opens up significant revenue opportunities through events like MobileSparks and TechSparks.
As the digital media landscape continues to grow, YourStory's ability to attract additional funding will be crucial. The $6 million raised in the latest round, led by prominent investors, sets a strong foundation for future fundraising efforts. Demonstrating consistent growth and profitability will be key to securing further investments.
However, the path ahead is not without challenges. The competitive landscape, with rivals like DailyHunt and InShorts, demands constant innovation. Additionally, reliance on advertising and events for revenue could pose risks. Navigating these hurdles will be essential for sustained success.
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